Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.22% to 26,526.35 Index Points and N12.804Tr respectively. Year-to-Date ASI is still at a Negative of 60%. No of trade and Volume of trade both increased by 9.63% and 12.29% to 2,949 No of trade and…
Construction output, Services and Goods exports are part of the main drivers of UK economy. UK goods exports, services and construction increase has reduced Britain’s current account deficit to 15.860 billion pounds in the third quarter of 2019 from 24.152 billion pounds in the second quarter of 2019. These led to growth in UK economy…
Nigerian budget deficit is N2.175 trillion for the year 2020 representing 1.52 per cent of the Gross Domestic Product (GDP). Budget deficit is to be financed mainly by borrowings from domestic sources put at N744.99 billion, foreign sources put at N850 billion and multi-lateral/bi-lateral loan draw-downs put at N328.13 billion respectively. In aggregate, 44 percent…
Electric Power is one of the main drivers of the Nigerian Economy. A Special Task Force Committee on Electric Power Sector was inaugurated on Thursday with objective to help with developing, planning and driving forward, the reform plan for the Nigerian Power Sector within its tenure of two years. ThisDay
Revenues from Companies Income Tax, Value Added Tax, import duty, royalties; Petroleum Profit Tax all decreased drastically which are parts of the main sources of statutory revenue. These led the Federation Account Allocation to the three tiers of government as revenue to reduce by N66.23bn to N635.82bn in November 2019. Punch
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.30% to 26,584.45 Index Points and N12.83Tr respectively. Year-to-Date ASI is still at a Negative of 42%. No of trade and Value of trade both decreased by 4.98%, and 1.18% to 2,690 No of trade and…
